Stocks in News
Adani Ports and Special Economic Zone: The company has completed the acquisition of a 10.4 percent stake of Gangavaram Port from the government of Andhra Pradesh.
Varun Beverages: Varun Jaipuria, a part of the promoter group, sold 18 lakh shares in the company via an open market transaction on September 21.
Sarda Energy & Minerals: The company has approved a provisional tariff for the 113 MW hydropower project of subsidiary Madhya Bharat Power Corporation, considering 85 percent of the cost of the project incurred as of March 2021 with return on equity of 15.5 percent per annum.
Amtek Auto: BSE and National Stock Exchange of India approved the delisting of equity shares of the company pursuant to the resolution plan approved by NCLT. The company will delist from the exchanges w.e.f. September 27, 2021. Insolvency Professional of the company has appointed Ram Singh Poswal as Chief Executive Officer of the company.
Karda Constructions: Promoter Naresh Jagumal Karda sold 32.5 lakh shares in the company via open market transactions during September 20-21.
Jubilant Ingrevia: Subsidiary Jubilant Life Sciences International Pte. Limited, Singapore has divested its entire 10 percent stake held in Safe Foods Corporation for $18.2 million.
By: via @AlliesFin Serve Stock Market
